MOSCOW: Rostelecom PJSC has acquired an interest in SIGN.ME, an e-signature platform developer, and will start to roll out the mobile e-signature service  across its client base.

The new solution fits organically into the company’s digital ecosystem of services, just as the global shift to remote working has accelerated due to the Covid-19 pandemic.

SIGN.ME provides a processing service without requiring a token nor the installation of special software. The key business benefits of Rostelecom’s solution include: access to a simple, convenient and intuitive signing experience for customers, without the need for special software or hardware and training; high level of security thanks to the use of high-end cryptographic tools compliant with key cyber security certifications; universal applicability and multiplatform capability to prevent the client from having to use special software while using it across devices; and additional functionality to streamline the e-signature processes across all business streams and systems.

Anna Shumeiko, Senior Vice-President, the Chief of Staff of the President of Rostelecom: “The introduction of complimentary solutions to our digital services ecosystem is one of Rostelecom’s strategic initiatives as we seek to meet the digital needs of our customers, i.e. families, business and the state. We understand the value of convenient digital solutions to our clients during the Covid-19 pandemic to provide online work solutions – this is a key reason behind introducing such a simple, universal and highly secure service such as SIGN.ME to our enormous client base. We believe that SIGN.ME has high growth potential, and we have as a result acquired a minority share of the entity and secured an option to further increase our participation to a controlling stake should the offering continue to succeed to penetrate the market.”

Timur Alexseev, Sales Director of SIGN.ME: “Our electronic signatures service has proved very successful in the corporate segment where remote interaction with clients and partners is crucial for business continuity. Our partnership with Rostelecom will provide a huge boost to the application of this technology across Russian businesses, making electronic signing a streamlined process, complied with legal regulations, simple and convenient for electronic transactions.”